Community Bank & Trust Waco Texas Sells 290 Shares of Valero Energy Co. (NYSE:VLO)

Community Bank & Trust Waco Texas lowered its position in Valero Energy Co. (NYSE:VLO) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,138 shares of the oil and gas company’s stock after selling 290 shares during the period. Valero Energy comprises about 1.6% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 18th largest position. Community Bank & Trust Waco Texas’ holdings in Valero Energy were worth $7,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Valero Energy by 4,908.0% during the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after buying an additional 2,793,607 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Valero Energy by 11,318.9% during the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after buying an additional 1,066,923 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Valero Energy by 900.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock worth $85,217,000 after buying an additional 568,000 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Valero Energy by 18.8% during the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after buying an additional 567,059 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in Valero Energy during the third quarter worth about $70,352,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 2.8 %

Shares of VLO opened at $136.76 on Tuesday. The firm has a market cap of $43.30 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.85 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The firm has a 50 day moving average price of $130.66 and a 200-day moving average price of $137.05.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. As a group, equities research analysts forecast that Valero Energy Co. will post 7.86 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.30%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date is Thursday, January 30th. Valero Energy’s payout ratio is presently 53.30%.

Analysts Set New Price Targets

VLO has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. Citigroup reduced their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Mizuho reduced their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $154.46.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.